LiveMore responds to the Autumn Budget announcement

26 November 2025

Leon Diamond, CEO at LiveMore Mortgages, said:

“After weeks of speculation, we finally got to see the chancellor’s actual budget plans, although earlier than she was expecting after the Office for Budget Responsibility leaked the details early.

“The introduction of the much-rumoured ‘mansion tax’ is a Treasury raid on those who have seen their property value increase in over recent years. As we said before the budget, this will disproportionately affect older homeowners with larger properties, many of whom are asset-rich but cash-poor. This could see many older people stuck in a home that no longer meets their needs as a result of the tax, facing a lower standard of living because of something they had no control over. With income tax thresholds also frozen until 2031, we’ll also see many pensioners dragged into paying income tax – a double whammy for people in retirement.

“At LiveMore, we know that a growing number of older people are reliant on their property wealth for retirement planning and more than ever will need to release funds to support their lifestyle. Whether through a RIO mortgage, an interest-only product, or a lifetime mortgage, releasing equity can deliver cash flow at a time when household budgets are under strain.”